RIVN

EV registrations were up 15% in the US in January. Although Ford and GM’s EV registrations slipped, Rivian (RIVN) and Hyundai saw some of the biggest growth. Tesla still leads the pack Electric vehicles accounted for 7.8% of new US light-vehicle registrations in January, up from 7.1% in Jan 2022. That’s also up from 7.7% in 2023. According to S&P Global Mobility registration data (via Automotive News), the growth was uneven across the competition. The data is significant as not all…

EV maker Rivian’s (RIVN) stock is trending Thursday ahead of the highly anticipated launch of its new R2 electric SUV. Rivian stock scored a buy rating from Jefferies Finacial Group, suggesting over 45% upside potential. Rivian stock scores buy rating ahead of R2 reveal Rivian will reveal its more affordable R2 electric SUV at 10 am PT (1 pm ET) later today at its swanky new Laguna showroom. The event will be live-streamed, and you can check back here for the full details. Leading up to its…

Rivian (RIVN) is dropping a shift at its Normal, Illinois, EV manufacturing plant next month, but not because of a lack of demand. The EV maker said it could hit its 2024 production goal with one less shift due to efficiency upgrades at the facility. Rivian plant to lose a shift with efficient EV production “With our continued improvements in efficiency, we can meet that (57,000) goal on two shifts,” a Rivian spokesperson told WLGT Tuesday. About 8,000 people work at Rivian’s manufacturing…

On the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss the new Tesla Model 3 Performance refreshed, Rivian’s earnings, new EV models being unveiled, and more. The show is live every Friday at 4 p.m. ET on Electrek’s YouTube channel. As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.…

After disappointing fourth-quarter results, Rivian (RIVN) stock earned a double downgrade, sending share prices to an all-time low. Sitting at its lowest value since going public, the EV maker looks to gain control of costs in 2024. Q4 earnings miss the mark After releasing Q4 and full-year earnings results Wednesday, Rivian announced it was laying off 10% of its salaried employees. Rivian’s CEO RJ Scaringe explained on the company’s media call the move enables them “to maximize the amount of…

Rivian (RIVN) is set to report its Q4 2023 earnings after the market close on Wednesday, February 21, 2024. EV makers, including Rivian, look to show they can gain control of costs as output ramps up. Still expanding and lowering costs Rivian has continued to outpace rival EV startups with its rugged R1S and R1T adventure vehicles. The EV maker delivered over 50,000 vehicles last year, more than double the 24,337 handed over in 2022. It also hit its production goal with 57,232 vehicles built…

After hiring former Porsche and Apple executives, Rivian (RIVN) has made another key hire ahead of the launch of its new R2 electric models. Just three weeks after announcing it was hiring Jonas Reinke, former Porshe and Apple exec, Rivian has made another key hire. Rivian welcomed Jennifer Prenner as its new VP of Marketing and CMO, according to a LinkedIn post. Prenner joins the EV maker with over 20 years of business, marketing, and product leadership experience. She previously served as…

As anticipation builds for Rivian’s (RIVN) next-gen electric vehicle, a new patent filing may give us a glimpse into what we can expect. The patent is for a vehicle headlamp, but the images show what could be our first look at the new Rivian R2 EV. Rivian patent may give us our first look at the new R2 EV Rivian filed the patent for a “Departure Lighting” system with the USPTO that can be used to light the way in front of you. The patent describes a roof-mounted light that can be useful…

The electric-vehicle startup Fisker is abandoning a direct-to-consumer sales model in the U.S. in favor of using traditional dealerships, after it found the approach too expensive and struggled in 2023 to get its cars to buyers quickly.The company is in talks with U.S. dealers and hopes to sign up at least 50 this year, said Chief Executive Officer Henrik Fisker. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 The electric-vehicle startup Fiskeris abandoning a…

Updated Jan. 2, 2024 3:32 pm ETChinese automaker BYD for the first time topped Tesla as the world’s largest seller of electric vehicles on a quarterly basis, a sign of China’s emerging strength in the global market for battery-powered cars. BYD reported selling more than 526,000 fully electric vehicles in the fourth quarter of 2023, compared with Tesla’s sales of nearly 485,000 for the same period. Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Updated Jan. 2, 2024…